South Korea’s Ministry of Foreign Affairs on Wednesday issued an order for Terraform Labs CEO Do Kwon to surrender his passport.\u00a0<\/p>\n
The fugitive co-founder must hand over his Korean passport to authorities within 14 days of the said order. A failure to comply with the order will result in the cancellation of his passport altogether. The official order also warned that failure to comply will lead to the rejection of requests for re-issuance in the future.<\/p>\n
Another local report noted that the passport return order was issued for a total of six Terraform Labs employees including Kwon.<\/p>\n
South Korean authorities have made significant efforts to get their hands on Kwon \u2014 a\u00a0Korean court issued a warrant\u00a0for his arrest on Sept. 14 followed by an Interpol red notice issued on Sept. 26. However, his exact current whereabouts are unknown.<\/p>\n
Kwon became quite a controversial figure in the aftermath of the Terra ecosystem implosion resulting in a loss of over $40 billion in investors’ money. Even after an arrest warrant and an Interpol notice against his name, the fugitive crypto founder claimed that he has not been contacted by any authorities regarding any investigation.<\/p>\n